Software producer Microsoft agreed yesterday to acquire Revolution Analytics, a US-based producer of technology supporting statistical programming language ‘R’, providing an exit to semiconductor company Intel.
Founded in 2007 as Revolution Computing, Revolution Analytics has created a platform for the development of software based on ‘R’, which is used for statistics and predictive analytics.
The size of the deal has not been disclosed. Revolution has raised $42.7m in funding, according to regulatory filings. Intel first invested in Revolution as part of the company’s $4m seed round in 2008, through its Intel Capital subsidiary.
Software producer Scientific Computing Associates and North Bridge Capital are also investors in the company.
Microsoft plans to harness Revolution’s technology to boost the advanced analytics offered by its on-site data platforms, in its hybrid cloud environments and on Microsoft Azure, its cloud computing platform.